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No denomination in Belarus in 2011

MINSK, 20 October (BelTA) – No denomination will be carried out in Belarus in 2011, NBRB Chairwoman of the Board Nadezhda Yermakova told the press on 20 October.

“We are not considering a denomination this year. The next year we will see how many zeroes we have,” said the official.

Asked about what measures the bank will take in the future to combat inflation, Nadezhda Yermakova said there are plans for a set of measures. In her words, the unification of the exchange rates of the Belarusian ruble is insufficient. The government and the National bank have worked out an action plan to stabilize the forex market. The official added that every citizen, who works scrupulously and responsibly and thus benefits the national economy, can make his or her own contribution to the resolution of the task. Inflation depends on effective operation of the economy, she remarked.